SHAPE Services GmbH today announced that it has signed an agreement to
acquire Warelex LLC, a leading developer of multimedia applications and
technologies for mobile devices. By uniting the strengths and resources of
SHAPE Services and Warelex the integrated company with team of 75+
highly-qualified and talented people, offices in USA, Europe and Asia will
bring new unique mobile Video IM, social networking and multimedia
applications and services. Both fast growing and profitable the companies
share complimentary product portfolios, common strategy and focus for
delivering new functionality and capabilities to mobile users.

Combining multimedia and audio-video streaming technologies developed by
Warelex and SHAPE's expertise in creating bestselling instant messaging, LBS
and remote access applications, the acquisition sets the stage for improving
existing and creating new advanced products which incorporate VoIP, video
conferencing, instant messaging and social networking to dramatically change
usability of modern mobile devices.

"We are glad to become a part of the industry leader, thus strengthen its
bestselling existing and future products with our technical know-how and add
our products to SHAPE's portfolio where these products will get greater
market visibility and penetration," said Dennis Bolgov, founder and CEO of
Warelex. "The cumulative effect from the acquisition of Warelex is huge. Its
multimedia technologies and expertise in video and audio streaming, which
goes beyond competition, will allow us to release new products and services,
including end of 2008 release of revolutionary mobile real-time broadcasting
and social networking service," said Igor Berezovsky, SHAPE Services' CEO.

Warelex LLC, is a mobile application development company, since 2002 has
been successfully expanding Mobiola product line of unique multimedia
applications for mobile devices and providing professional services creating
VoIP, speech recognition, multimodal interfaces, mobile security and
multimedia services and solutions. For more information, please visit:
www.warelex.com

SHAPE Services GmbH, is a leading mobile application developer, creator
of such world-wide bestsellers as IM+, IM+ for Skype, RDM+, GPSed and
Mobiscope. Its technologies and applications allow mobile users to stay
always connected to their favorite services, peers and computers. Every day,
private and corporate customers worldwide use innovative applications and
services created by SHAPE Services on variety of mobile devices and
platforms, such as BlackBerry, Symbian S60 and UIQ, Windows Mobile Pocket PC
and Smartphone, J2ME, i-Mode, Palm OS, BREW, iPhone, iPod Touch. For more
information, please visit: www.shapeservices.com